Equity and Energy: Rising Energy Prices and the Living Standards of Lower Income Americans

Arguing that the energy price policies of the 1970s represented a major equity/efficiency trade-off and led to a dramatic deterioration in the living standard of lower income households, the authors of this book present a comprehensive data-based assessment of the plight of lower income households during the decade of 1973-1983. After a general review of the recessionary and inflationary impact of rising energy prices on the national economy, they present detailed empirical assessments of t...